Oil high, VET shares down, but VET's balance sheet is betterI know there is frustrations with the VET's share price. But that could be said for the majority of oil stocks out there.
All I know is that the higher and longer oil and nat gas prices are, the better VET's balance sheet is and hopefully that will be a catalyst for stronger share appreciation especically with the re-instatement of the divy and/or share buybacks.
Remember, VET is so lucky that the oil and nat gas prices rebounded higher and so quickly.
If you look at VET's earlier presentations, it was focued on $60 WTI oil whereas today its $75----a boat load of free cash flow ($350 M at $60 compared to $605M at $75 if held for the entire year).
Good luck to all.